Economic/ecological tradeoffs among ecosystem services and biodiversity conservation
Publisher© 2013 Elsevier B.V.
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CitationHussain, A. M. T., & Tschirhart, J. (2013). Economic/ecological tradeoffs among ecosystem services and biodiversity conservation. Ecological Economics, 93, 116–127. doi:http://dx.doi.org/10.1016/j.ecolecon.2013.04.013
An integrated economic/ecological model is built to address tradeoffs between biodiversity conservation and two marketable rangeland ecosystem services: cattle grazing and elk hunting. The ecology is represented by an eleven species food web in which individual optimizing plants and animals engage in competitive and predator/prey relationships. The ecological model defines a steady-state set of sustainable grazing and hunting options, and for each option, biodiversity is measured using an index defined over the eleven species. In linking the ecology to the economics, social welfare depends on grazing profits and hunter net benefits. The problem can be stated as maximizing economic welfare over two ecosystem services, subject to their sustainable use and subject to a target level of biodiversity. A numerical application with economic and biological data from the Western United States is used to determine sustainable grazing and hunting options for alternative biodiversity levels, and to select the option that maximizes welfare.
KeywordsEcosystem services; Biodiversity; Thresholds; Multispecies; Economic/ecological; Integration; Rangelands
DescriptionThis article was published in Ecological Economics [© 2013 Elsevier B.V.] and the definite version is available at: http://www.sciencedirect.com/science/article/pii/S0921800913001523
DepartmentDepartment of Economics and Social Sciences, BRAC University
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